Forest Labs's most recent trend suggests a bullish bias. One trading opportunity on Forest Labs is a Bull Put Spread using a strike $90.00 short put and a strike $85.00 long put offers a potential 9.89% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $90.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock dropped below the $85.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Forest Labs is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Forest Labs is bullish.
The RSI indicator is at 50.94 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Forest Labs
Adamas Pharmaceuticals receives $25M milestone payment from Forest Labs
Tue, 20 May 2014 20:14:15 GMT
FOREST LABORATORIES INC Files SEC form 8-K, Change in Directors or Principal Officers
Tue, 20 May 2014 13:52:37 GMT
Array BioPharma hires new Chief Scientific Officer, VP of R&D
Mon, 19 May 2014 19:03:05 GMT
Will This Price Target Increase Help Forest Laboratory (FRX) Stock Today?
Mon, 19 May 2014 13:18:00 GMT
Forest Laboratories, Inc. to Present Data about Aclidinium, Aclidinium/Formoterol Combination, and Roflumilast at the American Thoracic Society International Conference
Fri, 16 May 2014 20:05:00 GMT
Business Wire – Forest Laboratories, Inc. today announced that it will present data on aclidinium, aclidinium/formoterol combination, and roflumilast at the American Thoracic Society 2014 International Conference scheduled for May 16-21, 2014, in San Diego.
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